Dispatches from the 10th Crusade

Entries from What's Wrong with the World tagged with 'soverign debt'

I’m just going to highlight a few extraordinary passages in this Der Spiegel report on the machinations in European political economy as usury, dependency and imposition threaten to combine and apply the ruin of the Continent....

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The harbingers of doom are back in the news: the infamous credit-default swaps. Several nations of southern Europe — most prominently Greece — have seen prices on swaps on their sovereign debt skyrocket, meaning that it is growing increasingly costly...